This book is intended for all students of MBA (Finance) of various universities and management institutes and the same can be used for CA, ICWA and ACS courses. The objectives of the book are to provide the student with a conceptual framework of financial decisions taken with regard to investment decisions in Derivative Market. This Derivative Market covers Equity, Foreign Exchange and Commodity products. The purpose is to make students familiar with the unique economic fundamentals and financial factors, which challenge the financial manager in the international context. The book covers the entire syllabus as approved by UGC on the subject of Financial Derivatives. With increasing prospects on capital market and earnings through hedging. Derivative instruments assume significance. This book could be the perfect guide for the beginners who wish to invest in F&O (Futures and Options) segment. Besides, this book is presented in simple mathematical terms, easily understandable to the average students. This has the advantage of harmonising the finance function with the investment function of the financial manager on the one hand and integrating the domestic finance with international finance on the other. At the cost of repetition,each chapter is made self-contained and related to other chapters. But this is an added advantage to students who get a recap of some of the points of significance. The material is kept as brief as possible, yet with a comprehensive coverage of all the modules as approved by various universities and autonomous institutions and in accordance with their syllabus. This text book could be the perfect guide to the new beginners who want to know about Derivative Market in three classifications namely Equity Derivatives, Currency Derivatives and Commodity Derivatives. Contents : 1. Introduction to Financial Derivatives 2. Futures Trading 3. Options Trading Mechanism 4. Option Pricing 5. Swap Markets 6. Future Markets-Pricing and Trading Mechanism 7. Forwards Market 8. Derivatives in International Business 9. Regulatory Framework 10. Case Studies on Mismanagement of Derivatives Trading Practice

This book is intended for all students of MBA (Finance) of various Universities and Management Institutes and the same can be used for CA, CMA and ACS courses. The objective of the book are to provide the student with a conceptual framework of financial decisions taken with regard to International Trade Finance. The purpose is to make students familiar with the unique economic fundamentals and financial factors, which challenge the financial manager in the international context. The book covers the entire syllabus as approved by UGC on the subject of International Trade Finance, with increasing prospects on Export and Import sectors through hedging, Derivative Instruments and International Trade Logistics assume significance. This book could be the perfect guide for the beginners who wish to invest in Export and Import segment. Besides, this book is presented in simple language and mathematical terms, easily understandable to the average students. This has the advantage of harmonizing the finance function with the International Trade on the one hand and integrating with international finance on the other. At the cost of repetition, each chapter is made self-contained and related to other chapters. But this is an added advantage to students who get a recap of some of the points of significance. The material is kept as brief as possible, yet with a comprehensive coverage of all the modules as approved by various universities and autonomous institutions and in accordance with their syllabus. This text book could be the perfect guide to the new beginners who want to know about International Trade and International Finance. Contents - 1. Introduction about International Trade and International Finance 2. Exchange Rate System 3. Foreign Exchange Management 4. Foreign Exchange Markets 5. Foreign Exchange Risk Management 6. Export and Import Finance 7. INCO Terms (FOB, CIF etc.) 8. Documentation in International Trade 9. Monetary and Non Monetary Export Incentive Schemes by Government of India 10. Letter of Credit Bibliography Glossary

In this title 'Indian Financial System', an attempt is made to sketch the outline of financial activities of the country. This has been written in tune with the B.Com. Syllabus of Bangalore University and provide basic information about Indian Financial System to students and general readers. The matter is well structured and written in a simple in a style to make the readers to easily assimilate the issues involved in a subtle subject as that of finance. Graded questions are given at the end of each chapter for self study. Book Content of Indian Financial System Chapter 1 Financial System Chapter 2 Commercial Banks Chapter 3 Financial Institutions Chapter 4 Regulatory Institutions Chapter 5 Banking Innovations Skill Development

The purpose of study of Financial Markets and Services is to converge the various financial services and their marketing plan to have an overall approach in taking finance and investment decisions. In a financial market, sub-markets such as Call Money Market, Treasury Bill Market, CP and DP Market, Discount Market etc. provide specific financial service to avail specific type of fund for running the business of an enterprise. Each aforesaid sub-market has its own specific objective to provide finance for smooth running of the business. All these segments of financial markets are regulated by Security Exchange Board of India (SEBI). Foreign Exchange market provides finance and other related services for export business. Savings of the households provide strong base for capital formation in the country. In India, savings segment contributes twenty nine percent to GDP. Mutual Funds (MFs) are playing a major role in converting these savings into productive purpose. MFs, besides acquiring various securities and other assets through capital market (NSE & other Exchanges), for a Strategic Portfolio Management, also motivate small savers to invest in securities of their choice. Credit Rating agencies assist small savers to select quality securities for investment. Book Content of Financial Markets and Services Financial Markets Non-Banking Financial Intermediaries Markets SEBI International Dimension of Financial Market Mutual Funds Recent Trends in Financial Services

This book focuses on strategy, the knowledge of strategy drives business today. It involves not only managing a company's finances but managing them with the intention to succeed — that is, to attain the company's goals and objectives and maximize shareholder value over time. Contents - 1. Understanding Financial Policy and Corporate Strategy 2. Indian Financial System 3. Corporate Risk Management 4. Fundamentals of Security Analysis 5. Corporate Valuation 6. Strategic Cost Management 7. Dividend and Bonus Policy 8. Financial Engineering 9. Securitisation 10. Financial Distress and Corporate Restructuring 11. Financial Management in Public Sector Undertakings 12. Financial Planning and Using Forecasting Ratios 13. Role of Ratios in Performance Appraisal of a Business 14. Mergers, Acquisitions and Corporate Restructuring 15. International Finance Centre 16. Start-up Finance 17. Small and Medium Enterprises

Over the past decade, there has been a rapid growth of non-bank financial services in India. After the passage of Banking Regulation Amendment Act of 1983, the public sector merchant banks, mutual funds, lease and hire purchase finance companies and many more finance companies have cropped up. After the recent reforms since July 1991, floodgates are opened for private sector in India and foreign financial institutions to operate in the Indian financial markets, with the result that capital market started humming with activity. These non-bank financial institutions are finding it difficult to secure the expert manpower to manage their services. The subject of capital market and management of financial services in the capital market have become matters of vital importance to the economy. It is in this context that the finance and management students have sought avenues of securing expertise in capital market management. As a beginning, a competent book on the subject is what is called for. It is this gap that the present book seeks to fill. This book 'Capital Market Management' is the first of its kind and deals with the management functions of all financial institutions in the capital market. It provides a vast background material on new issues market, stock market, money market, Government securities market, etc., and activities and institutions in these markets. The intermediaries in them namely brokers, underwriters, merchant bankers, registrars, portfolio managers, etc., are dealt with in detail. The practical and operational aspects including finance and accounting aspects are covered. Being a path breaking book, it is bound to have some lacuna which will be filled in as experience is gained in this area of finance. This book should prove useful to students of both finance and management. Contents : PART I - MANAGEMENT AND FINANCIAL SERVICES 1. Management Theory and Financial Services 2. Capital Market Management 3. Financial Services and Management 4. Growth of Non-bank Financial Services 5. Lease, Hire Purchase and Housing Finance 6. Economy and Capital Market PART II - MONEY MARKET MANAGEMENT 7. Cash Management 8. Credit Management 9. Management of Money Market 10. Management of Government Securities Market PART III - PRIMARY MARKET MANAGEMENT 11. Capital Issues and Listing 12. Management of New Issues 13. Problems of New Issues Market 14. Merchant Banking Management 15. Management of Issue Houses PART IV - SECONDARY MARKET MANAGEMENT Management of Stock Exchanges 16. Stock Exchanges - Emerging Role 17. Management of Broker Firms 18. Activity and Recording of Broker Accounts 19. Options Trading PART V - INVESTMENT AND PORTFOLIO MANAGEMENT 20. Investment Management 21. Financial Analysis of Companies 22. Fundamental Analysis of Market 23. Basics of Portfolio Management 24. Management of Mutual Funds Epilogue Bibliography

This book on Financial Economics - Theory and Practice is intended to be a text book on the subject to all Students of Economics and Finance, at either Graduate and Postgraduate level. This subject has gained an importance with the growth of market-oriented economies and the growing role for finance and integration of finance with the main-stream of Economics. With the initiation of a wide range, of - economic and financial reforms since 1992, liberalization, deregulation, privatization and globalization of the economy have been gaining ground with the result that we are moving into a free market, open, competitive globalised environment. To meet these emerging trends, all students of Arts, Commerce, Management and Engineering faculties should be well exposed to Financial Economics as a subject of compulsory study in either graduation or post-graduation level. More universities are in the process of adopting this subject in all social and behavioural sciences, as a compulsory paper. This book focuses on more important aspects of Theory of Financial Economics. Part I contains a few introductory chapters, giving the needed background of Finance and Accounting to all categories of students. Part II deals with Investment and Security Analysis in an exhaustive manner. Portfolio Theory and Analysis finds a place in Part III with emphasis on both theoretical and practical aspects. Lastly, Part IV present Risk Managements Aspects of Investment and Portfolio Management Operations. Options, futures, swaps and contingent claims and their valuation and role are exhaustively dealt with in the part. The tenor of treatment is simple and crisp, suitable to all categories of students. Contents - Part – I Analytical Background 1. Introduction 2. Financial Accounting 3. Financial Analysis 4. Basic Financial Ratio Analysis 5. Valuation and Pricing Models 6. Financial Arithmetics Part – II Investment and Security Analysis 7. Security Market Analysis 8. Investment Analysis and Theory 9. Investment Avenues 10. Features of Investment Avenues 11. Sources of Investment Information 12. Investment Decision-Marking Part – III Portfolio Theory and Models 13. Introduction to Portfolio Theory 14. Risk and Return in Portfolio Management 15. Portfolio Analysis 16. Diversification and Techniques of Risk Reduction 17. Markowitz Model 18. Modern Portfolio Theory 19. Efficient Market Theory (Random Walk Hypothesis) 20. Capital Market Theory 21. Capital Asset Pricing Model (CAPM) 22. Portfolio Selection Part – VI Risk Management (Derivatives) 23. Derivative Markets 24. Options Trading 25. Valuation of Rights, Warrants, Etc. 26. Futures Trading 27. Swap Market

This book is sweepingly wide, covering as it does, the financial architecture including the Regulatory Authorities like RBI, SEBI, IRDI etc., finacial and non-finacial intermediaries in the finacial markets, alongwith a discusion on the markets, ranging from the call money market of one day, to insurance market of life time saving and investments and the players in the markets and the retail investors who are all covered in this book. The coverage of the book is so wide that it can be adopted for many subject in Financial and Commerce streams and for both graduate and undergraduate courses in universities and colleges in India. Both Domestic and foreign markets are covered as also banking and non-banking finacial services and the realated markets. The Financial Services, Financial Markets and marketing of these services have all found a place in this book.It can be used for many competitive examinations in the area of finance at the Central and State level. Book Content of Financial Services in India PART I : FINANCIAL SYSTEM 1. Financial System and Real System 2. Reserve Bank and Financial System 3. Saving and Investment for Growth 4. Financial System-Intermediation PART II : RBI AND BANKING SYSTEM 1. Reserve Bank as Central Bank in India 2. RBI-Organisation and Functions 3. Reserve Bank:Its Role 4. Commerce Banking 5. Banks As Intermediaries 6. Credit Cards in India (Plastic Money) PART III : NBFCs AND THIER SERVICES 1. NBFCs-An Overview 2. Growth of Non-Bank Finacial Services 3. Management of Financial Services 4. Merchant Banking 5. Mutual Funds 6. Venture Capital Funds PART IV : FINANCIAL SERVICES IN INDIA 1. Lease, Hire-Purchase and Housing Finance 2. Credit Rating Services 3. Role of Registrars 4. Underwriting Services 5. Marketing of Issues 6. Custodian and Custodial Services 7. Factoring and Forfaiting 8. Insurance Services 9. Mergers and Acquisitions 10. Sample Case Studies on Companies PART V : SEBI AND ITS REFORMS 1. SEBI and Investor Protection 2. Function of SEBI 3. Institutional Structure in Capital Market 4. Reforms and State of Capital Market PART VI : FINANCIAL MARKETS IN INDIA 1. New Issues Market and Problems 2. Money Markets and its Instruments 3. Securities Trading Regulations 4. Instruments of Issue and Trading 5. Stock Market in India 6. OTCEI and NSE 7. Stock Market Operation and Functions 8. Trading in The Equity Market 9. DBIT(GILTED SECURITIES)Market PART VII : MARKET INDICATORS AND PORTFOLIO MANAGEMENT SERVICES 1. Security Market Indicators 2. Interest Rates - Theory and Structure 3. Basics of Portfolio Management Services PART VIII : INTERNATIONAL MARKETS 1. Foreign Exchange Markets 2. Euro-Currency Markets 3. Exchange Risk Management 4. Exchange Management in India 5. Marketing of Financial Services SELECT BIBLIOGRAPHY

The Indian Economy and Financial markets are in a State of disarray and are undergoing various transional changes, during 2008 to 2010. The Economy is under recession and the growth rates slowed down particularly due to drought condition in Agriculture and Global Recession. The growth of industry and in infrastructure in particular has been sluggish. The process of disinvestment and privatization met with resistance and slowed down. In consequence, the investment climate and the state of capital market and money market were in a state of uncertainty. The union Budget for 2010-1 therefore aimed at improving the investment climate by rationalization of tax structure, reduction of administrative red tape and provision of incentives to investment. The tenor of monetary policy is to further lighter the interest rate structure but encourage greater inflow of FDI into banking and insurance and services industries. Although was made to reduce the liquidity in the banking system. Book Content of Investment And Securities Markets In India PART I : SECURITIES MARKETS IN INDIA 1. Securities and Securities Markets 2. Legal Basis of Markets 3. Investment Avenues 4. Tax Planning for Investment 5. Investor Protection 6. The Securities and Exchange Board of India (SEBI) 7. Institutional Structures in Capital Market 8. Growth Process-Savings and Investment 9. Financial Systems in India 10. Capital Market Reforms PART II : PRIMARY MARKETS IN INDIA 11. Capital Issues 12. Government Regulation of Industries 13. Government Policies and Industrial Deregulation 14. New Issues Market 15. Merchant Banking 16. Venture Capital Funds 17. Lease Financing 18. Hire Purchase and Leasing-Problems PART III : SECONDARY MARKETS IN INDIA 19. Securities Trading Regulations 20. Instruments of Issue and Trading 21. Stock Markets in India 22. OTCI, NSE AND ICSE 23. Listing on The Stock Exchange 24. Stock Market Operations and Functions 25. Trading in The Stock Market 26. Government Securities Market 27. Security Market Indicators 28. Interest Rates-Theory and Structure PART IV : SECURITY AND INVESTMENT ANALYSIS 29. Security Market Analysis 30. Investment Analysis and Theory 31. Security Pricing 32. Fundamental Analysis 33. Corporate Finance and Industry Studies 34. Balance Sheet Analysis and Blue Chips 35. Technical Analysis of The Market 36. Portfolio Management Construction, Revision and Evaluation 37. Mutual Funds and Their Schemes 38. Non-Resident Indian (NRI) Investments 39. Selected Market Abroad 40. Listing in Selected Countries Abroad 41. Securities Market Report (BSE) GLOSSARY OF STOCK MARKET TERMS

The theory and principles of Investment Management remain unaltered but the backdrop of the operations of investment and the practices and procedures of investment management change from time to time. The financial markets in which most of the operations take place are a reflection of the economy and its performance. The economic and financial reforms in India are a continuing process and these affect the operations in the financial markets. The changes are to be incorporated in any revision of a book of this nature, which is being used by students of finance whether in MBA or M.com. or any other professional course. This is the rationale of the present revision, which hopefully helps the student update the information relevant to the area. Contents : PART I : INVESTMENT SETTING 1. Securities Markets 2. Savings And Investment 3. Macro aspects of Savings and Investments 4. Financial System − Intermediation 5. Investment Avenues 6. Features of Investment Avenues 7. Tax Planning for Investment PART II : MONEY AND CAPITAL MARKETS AND INSTITUTIONS 8. Overview of Capital Market 9. Institutional Structure in Capital Market 10. Capital Market Reforms 11. New Issues Market and Problems 12. Money Market and its Instruments 13. The Securities and Exchange Board of India (SEBI) PART III : SECONDARY MARKETS IN INDIA 14. Securities Trading Regulations 15. Instruments of Issue and Trading 16. Stock Markets in India 17. OTCEI, NSE and ICSE 18. Stock Market Operations and Functions 19. Trading in the Stock Market PART IV : SECURITY ANALYSIS 20. Sources of Investment Information 21. Inflation and Investments 22. Security Market Analysis 23. Investment Decision Making 24. Financial Analysis and Interpretation 25. Balance Sheet Analysis and Blue Chips 26. Fundamental Analysis 27. Technical Analysis of the Market 28. Efficient Market Theory PART V : RISK AND RETURN CONCEPTS AND MEASUREMENT 29. Risk and Credit Rating 30. Security Market Indicators 31. Interest rates − Theory and Structure PART VI : VALUATION OF STOCKS AND BONDS 32. Financial Arithmetic’s 33. Security Pricing 34. Investment Analysis and Theory 35. Valuation of Bonds − Bond Market 36. Valuation of Contingent Claims and Options PART VII : PORTFOLIO THEORY AND MANAGEMENT 37. Risk and Return in Portfolio Management 38. Capital Asset Pricing Model (CAPM) 39. Portfolio Analysis 40. Diversification and Techniques of Risk Reduction 41. Markowitz Model 42. Basics of Portfolio Management in India 43. Modern Portfolio Theory 44. Portfolio Management: Construction Revision and Evaluation 45. Mutual Funds and Their Schemes 46. Disinvestment Management 47. Securities Market Report (BSE)